💥💥💥 Tragedy in the Crypto World! From Financial Freedom to Jumping Off a Building, How Does Greed Devour Everything?
Last November, a friend of mine engaged in contract trading in the crypto world, starting with a principal of 500,000 and leveraging 5 times, with his account once soaring to 4.3 million. After deducting various fees and spot hedging, the return rate reached an astounding 851%!
At this point, if it were you, how would you choose? I believe most people would choose to take profits. However, he did not. According to his wife, although there were slight pullbacks during this time, he did not cut losses, but instead became more determined due to the subsequent rebound. At that time, the profit in the contract account had exceeded 900%, and he may have thought that there were too many short sellers and did not care about short-term fluctuations.
However, the market is ruthless. Without timely hedging of the contract position, a sharp market movement suddenly struck, causing the account balance to plummet to less than 900,000. Closing positions was beyond redemption.
Faced with this sudden blow, he first stared at the screen, extraordinarily calm. Perhaps, having seen too many ups and downs, he still firmly believed that it would reach 5 million. However, reality is harsh, and greed ultimately devoured everything.
Without any warning, he rushed to the windowsill and jumped down. Fortunately, the height of the third floor saved his life, but his legs forever lost the ability to walk.
This tragedy once again warns us: the end of contracts often leads to zero, and timely loss-cutting is the way to survive. Perception determines the upper limit; excessive greed will only lead one into an irreversible abyss.
Follow Elon Musk concept stocks ρꪊρρⅈꫀడ, or it may become the next potential Meme coin.
